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's turn to the global economy. associated press reporting that china has surpassed the u.s. as the leading trade partner. this comes as china announces the inflation rate rose 2% one month alone. sign of an economy gaining strength. what does it mean? brenda buttner, anchor of "bulls and bears." i was reading this article where shoppers in beijing have seen the prices of vegetables double in one week alone. inflation is a problem over there. what is causing it? >> basically it's not a bad problem, it's growth. china has numbers we can only dream of, growth of about 8%, we're below 2%. their factory output was up 10%. retail sales, 15%. so it is basically growth driven not supply side driven which is the kind of inflation you want to see. it's only 2%, that is well below the target of 4% is. it came down from 6.7%. >> gregg: so it's an issue not really a problem and outweighed by the huge growth. how does the inflation american consumers if at all? >> we buy a lot from china. it may be that some of the input may be more expensive. we may have to pay more, but it's more that china is becomin
sectors? >> first of all before we ring the death bell on manufacturing, u.s. is above china. we are seeing a resurgence of factory jobs, guess where. >> gregg: southeast. >> why. >> gregg: right to work states. >> businesses don't want to move to places where unions are. in those southeast states, union membership tends to be half what it is on the national achblg which is only 12% right now. even though we see that unemployment is lower in right to work states, but wages are lower, as well. that is kind the tradeoff but businesses want to go there. we are seeing companies from china coming in into the u.s.. >> gregg: i bmw, hyundai, honda and you got american companies, g.e., boeing, apple, michelin, they like that southeastern region because that is where the unions aren't. final quick question, if congress fails to strike a deal it will get a whole lot worse? >> the cbo which is supposed to be non-partisan we're going into a double-dip recession. a lost taxes. you look at your paycheck, the first one in january you are going to see a lot less money. >> gregg: it's not just th
of a particular chemical that could make your child very sick. they have been shipped in from china. and also some other toys as well obviously. >>> a new legal battle is shaping up on capitol hill involving a terrorist attack in the u.s. consulate in benghazi, libya on september 11th. lawmakers are trying to get to the bo the tom of what happened happened -- get to the bo bottom of what happened. it left four americans dead including the u.s. ambassador chris stevens. now the spotlight will return to the secretary of state hillary clinton. a top republican lawmaker says she will heavy at her committee's hearing on the terror attacks. >> we are hopeful that this investigation leading to this arrest and maybe others because it is not a a one-person operation and will finally get justice for the four brave americans who lost their lives and in this terrorist attack in benghazi, and we are pleased that secretary clinton will be coming before our committee. >> legal challenges -- what legal challenges could secretary clinton be facing? anytime somebody appears before congress under oath you have to be
Search Results 0 to 3 of about 4 (some duplicates have been removed)